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Homework answers / question archive / A loan of 250 000 at 10% converted annually is to be paid by semi-annual payments for three years

A loan of 250 000 at 10% converted annually is to be paid by semi-annual payments for three years

Finance

A loan of 250 000 at 10% converted annually is to be paid by semi-annual payments for three years.

find:

a. outstanding balance before first payment

b. profit of the lender

c. total amount of regular payment

Option 1

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